SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 25, 1999
CWMBS,INC
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1999-9)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
155 N. Lake Avenue, Pasadena, CA 91110-7137
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (818)-304-4428
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
Item 5. Other Events
CWMBS,INC
Mortgage Pass-Through Certificates
Series 1999-9
On July 25, 1999, The Bank of New York, as Trustee for CWMBS,INC, Mortgage
Pass-Through Certificates Series 1999-9, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of June 1, 1999, among CWMBS,INC as Depositor,
Countrywide Home Loans, Seller and Master Servicer and The Bank of New York, as
Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of CWMBS,INC, Mortgage Pass-Through
Certificates Series 1999-9 relating to the distribution date
of July 25, 1999 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of June 1, 1999.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: July 25, 1999
CWMBS,INC
By: /s/ Kelly A. Sheahan
------------------------------
Name: Kelly A. Sheahan
Assistant Treasurer
The Bank of New York,
as Trustee
<PAGE>
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated July 25, 1999
Payment Date: 07/25/99
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-9
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Senior A1 200,817,000.00 6.500000% 199,188.27 1,087,758.75 1,286,947.02 0.00 0.00
PO 230,706.39 0.000000% 217.97 0.00 217.97 0.00 0.00
X 182,422,549.00 0.326453% 0.00 49,626.94 49,626.94 0.00 0.00
Residual AR 100.00 6.500000% 100.00 0.54 100.54 0.00 0.00
M 3,975,000.00 6.500000% 3,214.52 21,531.25 24,745.77 0.00 0.00
B1 1,778,000.00 6.500000% 1,437.84 9,630.83 11,068.67 0.00 0.00
B2 836,000.00 6.500000% 676.06 4,528.33 5,204.39 0.00 0.00
B3 629,000.00 6.500000% 508.66 3,407.08 3,915.75 0.00 0.00
B4 418,000.00 6.500000% 338.03 2,264.17 2,602.20 0.00 0.00
B5 523,578.13 6.500000% 423.41 2,836.05 3,259.46 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 209,207,384.52 - 206,104.76 1,181,583.95 1,387,688.71 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 200,617,811.73 0.00
PO 230,488.42 0.00
X 182,242,705.69 0.00
Residual AR 0.00 0.00
M 3,971,785.48 0.00
B1 1,776,562.16 0.00
B2 835,323.94 0.00
B3 628,491.34 0.00
B4 417,661.97 0.00
B5 523,154.72 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 209,001,279.76 -
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 07/25/99
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-9
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
Factors per $1,000
- ------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------
Senior A1 200,817,000.00 6.500000% 12669BEC2 0.991889 5.416667 999.008111
PO 230,706.39 0.000000% 12669BEJ7 0.944794 0.000000 999.056896
X 182,422,549.00 0.326453% 12669BED0 0.000000 0.272044 999.014139
Residual AR 100.00 6.500000% 12669BEE8 1,000.000000 5.416667 0.000000
M 3,975,000.00 6.500000% 12669BEF5 0.808684 5.416667 999.191316
B1 1,778,000.00 6.500000% 12669BEG3 0.808684 5.416667 999.191316
B2 836,000.00 6.500000% 12669BEH1 0.808684 5.416667 999.191316
B3 629,000.00 6.500000% 12669BER9 0.808684 5.416667 999.191316
B4 418,000.00 6.500000% 12669BES7 0.808684 5.416667 999.191316
B5 523,578.13 6.500000% 12669BET5 0.808684 5.416667 999.191316
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 209,207,384.52 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
Countrywide Home Loans
Mortgage Pass-Through Certificates, Series 1999-9
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Aggregated stated principal balance 209,001,279.76 209,001,279.76
Aggregated loan count 633 633
Aggregated average loan rate 7.064004% 7.06
Aggregated prepayment amount 36,915.16 36,915.16
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 43,584.87 43,584.87
Monthly sub servicer fees 4,796.94 4,796.94
Monthly trustee fees 1,569.06 1,569.06
Aggregate advances N/A N/A
Advances this periods 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Net realized losses (this period) 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 0.00 0.00
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 209,207,384.52
-----------------------------------------------------------------------------
Junior 0.000000% 0.000000% 0.00
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 0 0.00
60 to 89 days 0 0.00
90 or more 0 0.00
Foreclosure 0 0.00
Totals: 0 0.00
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
<PAGE>
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 1,387,688.71 1,387,688.71
Principal remittance amount 206,104.76 206,104.76
Interest remittance amount 1,181,583.95 1,181,583.95
